LFA Lugano Financial Advisors SA Makes New $34,000 Investment in The Procter & Gamble Company (NYSE:PG)

LFA Lugano Financial Advisors SA acquired a new position in The Procter & Gamble Company (NYSE:PG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 200 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ lifted its position in Procter & Gamble by 2.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 540,920 shares of the company’s stock valued at $90,382,000 after purchasing an additional 12,416 shares during the period. Achmea Investment Management B.V. lifted its holdings in shares of Procter & Gamble by 2.0% in the 4th quarter. Achmea Investment Management B.V. now owns 272,943 shares of the company’s stock valued at $45,759,000 after buying an additional 5,462 shares during the period. Tredje AP fonden boosted its stake in shares of Procter & Gamble by 6.9% in the fourth quarter. Tredje AP fonden now owns 713,004 shares of the company’s stock worth $119,535,000 after buying an additional 45,931 shares during the last quarter. Mascoma Wealth Management LLC grew its holdings in Procter & Gamble by 3.4% during the fourth quarter. Mascoma Wealth Management LLC now owns 2,125 shares of the company’s stock worth $356,000 after acquiring an additional 69 shares during the period. Finally, Rakuten Securities Inc. lifted its holdings in Procter & Gamble by 25.4% in the fourth quarter. Rakuten Securities Inc. now owns 1,506 shares of the company’s stock valued at $252,000 after acquiring an additional 305 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

NYSE:PG opened at $168.35 on Thursday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock has a market cap of $394.75 billion, a PE ratio of 26.81, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a 50 day moving average price of $167.16 and a 200 day moving average price of $169.83.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the previous year, the firm earned $1.84 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Piper Sandler reduced their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, Stifel Nicolaus raised their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.47.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.